Bank of America patented cryptocurrencies storage system

In Bank of America specialists have patented a secure storage system for cryptocurrencies. The financial institution notes that with the development of technology, many companies use digital money.

Bank employees emphasize that recently banks and custodial services conduct cryptocurrencies transactions and launch services based on them. There are situations when it is necessary to transfer traditional money to digital and store it.

In order to make this process as secure as possible, companies must use another corporate account. Their clients will receive an equivalent amount of funds for work, and cryptocurrencies will be directly stored in a special vault.

Bank of America customers will need a processor and memory to store private passwords from an e-wallet. Employees of companies will be given access to the account on which their assets are stored.